Belarusian food exports to be priced in US Dollars
On December 3rd, the Agriculture Ministry set the recommended minimum export prices for dairy and meat products in US Dollars.
The devaluation of the Russian rouble has lead to losses for Belarus when exporting foods stuffs to Russia and making settlements in roubles. Belarus is expected to reduce exports of meat and dairy products to Russia, which will lead to growing stocks in the food industry, reducing imports of raw milk to Belarus for processing, and falling prices on the domestic market due to increased competition. If Russia complains about Belarus charging for her exports in US Dollars, Belarus may offer to pay for natural gas, oil and oil products in Russian roubles.
According to Belstat, in August 7,600 people were dismissed, including 4,800 civil servants. Dismissals of civil servants were due to the optimisation in the public administration by up to 30%. Some civil servants would retain their job however would lose the status of a civil servant. Vacancies on the labour market are likely to reduce in number, thanks to the optimisation, the state administration would increase wages for public servants. The payroll fund for retained employees is likely to increase and some former state employees are likely to get jobs in affiliated organizations. The optimisation of the state apparatus should complete by January 1st, 2018, and some former civil servants are likely to join the ranks of the unemployed.